Targets and Costs for Thursday

• The worth of SafeMoon pulled again to a brand new low at 0.00001266 on Tuesday
• The worth of Litecoin on Tuesday was in retreat to $61.98, forming a brand new weekly low there

SafeMoon chart evaluation

The worth of SafeMoon pulled again to a brand new low at 0.00001266 on Tuesday. The worth maintain in that zone was short-lived, and we moved again as much as the 0.00002500 degree in a short time. On Wednesday and Thursday, we noticed that the value managed to carry above that degree, but it surely was with out momentum to proceed to the bullish facet. We’d like new momentum above 0.00003200 and EMA 200 transferring common.

With that step, we return above the weekly open degree to the optimistic facet. After SafeMoon stabilizes there, it may set off a bullish consolidation. Potential increased targets are 0.00003500 and 0.00004000 ranges. For a bearish possibility, we want a unfavorable consolidation and a worth drop beneath the assist at 0.00002500. This strikes us to a brand new day by day low and reinforces bearish momentum. Potential decrease targets are the 0.00002000 and 0.00001500 ranges.

Litecoin chart evaluation

The worth of Litecoin on Tuesday was in retreat to $61.98, forming a brand new weekly low there. A robust bearish consolidation and a break beneath the EMA 200 transferring common pulled the value to a brand new low. On Wednesday and at this time Litecoin is attempting to stabilize within the $62.00-$64.00 vary. As of this morning, we’re in a bullish consolidation and hope to interrupt out of this vary. A push to $65.00 would give us new assist on the EMA 50 transferring common.

After that, we are able to count on additional bullish momentum and conquest of upper ranges. Potential increased targets are $66.00 and $67.00 ranges. If we fail to interrupt out of this morning’s motion vary, the value can be beneath strain to begin a retreat. We are able to take into account the brand new fall to $62.00 as affirmation of a return to the bearish facet. Potential decrease targets are $61.00 and $60.00 ranges.